Booking (NASDAQ:BKNG) Given New $219.00 Price Target at Bank of America

Booking (NASDAQ:BKNG) had its target price decreased by research analysts at Bank of America from $232.00 to $219.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Bank of America‘s price target points to a potential upside of 40.68% from the company’s current price.

Several other brokerages also recently issued reports on BKNG. BTIG Research reiterated a “buy” rating and set a $250.00 price target on shares of Booking in a report on Thursday, October 22nd. Piper Sandler reissued a “neutral” rating and set a $215.00 price objective (up from $195.00) on shares of Booking in a report on Wednesday, August 5th. Benchmark raised their price objective on Booking from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings lowered Booking from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Finally, Cantor Fitzgerald lowered their target price on Booking from $220.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $228.53.

Booking Trading Up 1.2%

BKNG opened at $155.67 on Wednesday. The company has a market cap of $116.97 billion, a P/E ratio of 17.23, a PEG ratio of 0.96 and a beta of 1.17. The company’s 50 day moving average is $168.99 and its 200-day moving average is $176.70. Booking has a 1-year low of $146.28 and a 1-year high of $220.81.

Booking (NASDAQ:BKNG) last released its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $4.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.17. The business had revenue of $9.79 billion during the quarter, compared to analysts’ expectations of $9.55 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $99.50 EPS. On average, equities analysts forecast that Booking will post 10.48 EPS for the current year.

Insider Transactions at Booking

In other news, VP Peter J. Millones sold 50,050 shares of Booking stock in a transaction on Monday, August 17th. The shares were sold at an average price of $207.59, for a total transaction of $10,389,879.50. Following the transaction, the vice president owned 375,025 shares in the company, valued at approximately $77,851,439.75. The trade was a 11.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ewout L. Steenbergen sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $211.03, for a total transaction of $4,220,600.00. Following the completion of the sale, the chief financial officer directly owned 59,794 shares in the company, valued at approximately $12,618,327.82. This represents a 25.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 77,425 shares of company stock worth $16,004,164. 0.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its holdings in Booking by 1,615.6% in the second quarter. Allworth Financial LP now owns 13,931 shares of the business services provider’s stock valued at $2,483,000 after acquiring an additional 13,119 shares during the last quarter. B. Metzler seel. Sohn & Co. AG acquired a new stake in Booking during the 2nd quarter valued at approximately $11,687,000. MBM Wealth Consultants LLC raised its holdings in Booking by 2,860.8% during the 2nd quarter. MBM Wealth Consultants LLC now owns 12,554 shares of the business services provider’s stock worth $2,238,000 after purchasing an additional 12,130 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Booking by 2,549.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 88,949 shares of the business services provider’s stock worth $16,077,000 after purchasing an additional 85,592 shares during the last quarter. Finally, Venture Visionary Partners LLC raised its holdings in Booking by 53.3% during the 3rd quarter. Venture Visionary Partners LLC now owns 61,803 shares of the business services provider’s stock worth $10,068,000 after purchasing an additional 21,496 shares during the last quarter. 92.42% of the stock is owned by institutional investors.

Booking News Roundup

Here are the key news stories impacting Booking this week:

• Positive Sentiment: Booking reported adjusted Q3 EPS of $4.66, above the roughly $4.49 analyst estimate. Room nights grew 7% and adjusted EBITDA rose 9%; adjusted revenue increased 9% excluding a one-time legal-related impact. Q3 earnings call highlights
• Positive Sentiment: Management highlighted AI as an opportunity to improve travel planning and the customer experience, which could support Booking’s long-term competitiveness. Q3 earnings call highlights
• Negative Sentiment: Reported revenue fell about 1% to $8.89 billion, below analyst expectations, while profit also declined. A roughly $900 million revenue impact tied to FTC action was a major drag on the reported results. Reuters report on FTC-related revenue impact
• Negative Sentiment: Booking warned of slower Q4 growth as international travel faces pressure from Middle East conflict, higher airfares and turmoil in Europe—raising concerns that demand momentum may cool. Travel-demand headwinds
• Negative Sentiment: JPMorgan cut its price target to $205 from $248, and Barclays lowered its target to $170 from $210, signaling reduced expectations for the shares. JPMorgan target change Barclays target change

About Booking

Booking Holdings Inc is a global online travel and restaurant-reservation company that connects consumers with travel providers through digital platforms and mobile applications. Its services include accommodations, flights, rental cars, cruises, vacation packages, restaurant reservations and other travel-related offerings.

The company operates a portfolio of well-known brands, including Booking.com, Priceline, Agoda, KAYAK, OpenTable, Rentalcars.com and Kayak-associated travel services.